US Lawyer Database

§ 327. Nature of business

A limited partnership may carry on any business that a partnership without limited partners may carry on.

§ 328. Business transactions of partner with partnership

Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.

§ 322. Definitions

As used in this chapter, unless the context clearly requires otherwise: (1) “Certificate of limited partnership” means the certificate referred to in section 341 of this chapter, and the certificate as amended or restated. (2) “Contribution” means any cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property […]

§ 323. Name

The name of each limited partnership as set forth in its certificate of limited partnership: (1) shall contain without abbreviation the words “limited partnership”; (2) may not contain the name of a limited partner unless (i) it is also the name of a general partner or the corporate name of a corporate general partner, or […]